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Japan exports slow on strong yen

11-25-2010 13:57 BJT

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Japan's annual export growth slowed for an eighth consecutive month in October, as a strong yen and waning global demand weigh on the country's economic outlook.

Thursday's figure from Japan's Ministry of Finance show, exports rose 7.8 percent in October from a year earlier. The rise was slower than market expectation of 10.7 percent. And imports rose 8.7 percent for the same period. Slowing exports are dire for an economy bracing for a possible contraction in the final quarter this year, as a temporary boost from stimulus-driven consumption tapers off.

Economists say, overseas demand for Japanese goods is likely to pick up again next year, and help Japan to avoid recession.

Editor:Xiong Qu |Source: CNTV.CN

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